# Idelic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/idelic

- Industry: Software
- Headquarters: Pittsburgh, US
- Website: www.idelic.com/
- Total disclosed funding: $31M
- Latest round: Series B (Mar 26, 2021)
- Investors on record: 10

## About

Idelic, Inc. is a US-based provider of advanced safety solutions tailored for fleet management, enhancing compliance and risk management through innovative technology.Founded in 2016 in Pittsburgh, US, Idelic, Inc. specializes in fleet safety management solutions. The company has received a total of USD 20.00 mn in funding, with its latest round being a Series B raised on March 26, 2021, led by Highland Capital Partners and participated by AXA Venture Partners among others. Idelic specializes in advanced safety solutions designed specifically for fleet management. Their flagship offering, Safety Suite, integrates seamlessly with existing vendor systems to centralize driver-related data, providing fleet operators with a comprehensive view of their drivers and terminals. The platform addresses key challenges faced by the industry, such as budget constraints for safety programs, data overload, risk management, and coaching efficacy. By equipping fleet managers with actionable insights and step-by-step guidance, Idelic enables proactive measures to prevent accidents and improve compliance. Their solutions cater to industries including Oil & Gas, Transportation, Food & Grocery, Construction, and Life Sciences, targeting clients across North America and expanding into other markets as demand for safety technology grows.Idelic operates with a subscription-based revenue model, generating income through partnerships with fleet operators who utilize their Safety Suite for enhanced safety management and compliance adherence. Clients typically enter into annual agreements where they pay for access to the platform and its features, including predictive analytics and data management tools. The transactional structure allows for scalable pricing based on the size of the fleet and specific service needs, ensuring that clients can tailor their subscriptions as their operations expand. This model not only facilitates consistent revenue generation but also encourages long-term relationships with customers, who rely on Idelic’s technology to navigate complex safety challenges within their respective industries.

## Funding rounds

- Series B, Mar 26, 2021, $20M — Highland Capital Partners, Origin Ventures, TDF Ventures, Birchmere, AXA Venture Partners, SaaS Ventures
- Series A, Sep 11, 2019, $8M — Bain Capital, Origin Ventures, TDF Ventures, Birchmere, SaaS Ventures
- Seed, Oct 31, 2018, $2M — Bain Capital, TDF Ventures, Birchmere, M25, Innovation Works, Carbon Ventures, SaaS Ventures
- Seed, Sep 29, 2017, $1M — Birchmere, M25, Carbon Ventures

## Investors

- Birchmere (https://capitalatlas.ai/funds/birchmere) — Seed, Series A, Series B
- M25 (https://capitalatlas.ai/funds/m25) — Seed
- Carbon Ventures — Seed
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A
- TDF Ventures (https://capitalatlas.ai/funds/tdf-ventures) — Seed, Series A, Series B
- Innovation Works (https://capitalatlas.ai/funds/innovation-works) — Seed
- SaaS Ventures (https://capitalatlas.ai/funds/saas-ventures) — Seed, Series A, Series B
- Origin Ventures (https://capitalatlas.ai/funds/origin-ventures) — Series A, Series B
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series B
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series B